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3. Albert Smith and Julie Creamer are partners and share income equally. Albert Smith's capital balance in the partnership is $250,000 and Julie Creamer's is
3. Albert Smith and Julie Creamer are partners and share income equally. Albert Smith's capital balance in the partnership is $250,000 and Julie Creamer's is $300,000. They agree to accept Stephen Black with a 35% interest. Stephen Black invests $150,000. Calculate the bonus and record the entry admitting Black to the partnership.. 4. Albert Smith and Julie Creamer are partners and share income equally. Albert Smith's capital balance in the partnership is $250,000 and Julie Creamer's is $300,000. They agree to accept Stephen Black with a 10% interest. Stephen Black invests $150,000. Calculate the bonus and record the entry admitting Stephen Black to the partnership
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